The Palatka daily news. (Palatka, Fla.) 1884-1888, 1887-05-24


East Tennessee. 1875 Tenn Coal Il Iron. 4Ol4
Lake Shore. ~ Union Pacific. ga
Louisville x Nash Is New Jersey Cen 19A
Memphis Il Char 81 Missouri Pacific. 1l0a4
Mobile N Ohio. I6 Western Union s714
Cotton Seed Oil Tr.- Eg4-
The week in the Stock Exchange opened
with a quiet and generally firm market which
later developed weakness throughout the list
The leading prices at the close were cOnsid-
erably below those of Saturday evening. The
trading was again almost entirely professional.
The great feature of the market was the up
ward squirt of over per cent. in ST. Paul and
Duluth common part of which only was after
wards lost The story WAS that under the terms
of its issue the preferred stock of the company
must now lie redeemed from the proceeds OF
the land sales, in which case the common
stock would fall heir to the surplus. Oregon
stocks showed some strength, but the gains
were afterwards wiped QUE. The tfuctuation
of the leading stocks were for fractions only
the market opening firm, with advances over
Saturdays close, extending to II per cent,
while Northwestern WAS &c lower Trading
WIS moderate IN volume AMI ire general list
alternately heavy and firm, with n ten
dency towards trmness- \ few ssocks. among
which 81. Paul and Duluth and Oregon I'm
provement, were conspicuous, made marked
advances. while Fort Worth and Denver was
specially weak Beyond "A further advance in
-. Paul and Duluth, the forenoOn's business
presented no other feature
In the afternoon, howeve., the entire mar
ket became heavy to weak upon increased
business, and New Englend was the principal
sufferer. Late in the day st. Paul and Duluth
ket closed moderately active and heavy at or
near the lowest prices of the day Total sales,
.s.9,0OO shares
Cotton.
New YORK MAY 23-Green i Co.'S report
on cotton futures says: "Operations have
been on a somewhat more extensive scale, with
the greatest sain on the late months So far as
the present crop is concerned The stimulus
was attributed principally To the very fair
record of business in actual cotton on spin
ming account, while the fall months went upon
the bullish account sent in by Galveston opera
tors, and ON the increase of buying orders
from the West, but throughout there has been
IA marked absence of evidence that any alarmed
short interest was covering
Afternoon -CottOn-Net receipts, -;
gross, LOIS Futures closed firm and steady .
sales, o930, May, 10 "a: June, 10 9l6l0 IL. July,
October, IL IJG1O Ii ; November. g.6f9 ~
December, ssiGb9 %; January, 10 0l@lOG.
Cotton strong; sales. LIZ; Upands, H. Or
leans, IL sis; net receipts, 2,sll exports to
Great Britain, 2l2; tO France. -; to the
Continent, LIZ; to the Channel. -; stock,
;sn6j9-
and without quotable change; Uplands, 13-I6:
Orleans I3-l6; sales. ,OC1; speculation and ex
General Markets.
CHICAGO May Z5.-The opening markets
ON Change we're unusually active, and in de-
eded contrast to the dizziness which prevailed
there was considerable NERVOUSNESS displayed
June opened sS14c, sold to ss1.c almost i'm
metiately. July and August were actively
bid for. June wheat, after selling up to sj1sc,
reacted To so14c. and then steadily advanced
to- ssS|4c. The clique did very little. After the
first squirt of activity in long futures these
months became very quiet though very
steady. As the returns began 10 come IN from
various points, it became evident that q G
visible supply of wheat would not show the
amount of decrease that was predicted for 1t
early in the day Early estimates were Tor
decrease of 200,000, but official returns made
il l.4iO,09. Arrivals at New York were quite
large and went long way toward keeping
the decrease down. satisfactory returns caused
the price of June wheat to ease of to sS34c,
the opening figure of the list Toward the
close of the morning session wheBt nrmed up
again, and June closed at sS12c- At the after
noon session heavy exports from scabOard and
and higher markets ut St. Louis and other
points, together with increased nervousness
among the shorts, made wheat perceptibly and
visibly higher, and June sold To o'sc and closed
at ss3sc.
Corn and oats, owing to the rains of last
night and yesterday, were decidedly weak at
the opening. July and August oats were about
Isc lower than saturday at 271sc for July and
2lc for August oats The crowd were very ae-
tive for some time after the start, and consid-
cradle trading was dome in July and August
futures. Later in the day the market quieted
down and july closed at tine opening hgures
july corn opened az 497sc and sold down to
fOssc in "a short time Around this Inquire II was
very quiet and steady until towards midday,
when IL declined to 4Ul4c. During the after
noon session it stifened somewhat, and closed
at 4Ossc-
More hogs arrived than were exDected, caus-
ing July ribs To open weak at S1SIs; This
advanced 10 cents in first lcur. July lard,
which opened at Sd-75, also advanced 10 S6...1a;
rather steady during the day, and closed at
$3.50 for July lard and s. b for July ribs
cash quotations were; flour 4ule e Hhcnang-
Mes PSrk, 50 Lard sa,65. short 10 sides.
boxed, S5.tsEf5.10. Short clear sides, boxed,
ss6o6es-65. Whisky sI.I0- The lead ~ futures
closed:
Wheat May. SIS: July. SIS: Corn May.
;ssssc. July ;ss3se. oats.May 2s'4; july, ss,14:
sSss 9ny and ss.5 "H Short k ksMMy' s
NEW YORK, May 23.-Southern Flour quiet
but firm. Wheat shade lower, closing firm
No 2 red, May. s5as69s; July 967s19l. Corn
May, 411eGei.7s July 5000 lilo. Oats shade
stronger; options tritie lower-mixed West
ern, 3ta:B; No :, May, :SS1sd:94 July, 5,1s-
Hops quiet and steady. Coffee-fair Rio strong
at ~; No Rio higher and active-Nay, sls;s
refiging, AZ; moI:lsss-s sugar 5-l6
6434; centrifugal, 3-6 for 81 test; refined firm
and active a, at 41a43se: extra q 80, ,5s; mould
ers' \, ~: cnt loaf and crushed 6Is: grlnulat
ell, SIS Molisss,s steady 80 test, n; Rice in
for crud; ~ for refined. Resin duh at SI-,:s5.1s
ss1s- Turpentine stronger at SIZE. Hides
duh and nominal. Beef dull. Middles dull and
nominal Lard points higher and quiet
Western steam, Sb-s'1sdb-9.; July, S.!btJ.. Us
Freights steady.
ST.. LOUIS, May 2S-F1our firm and demand
good Wheat higher-No. = red, cash, ssts
June, s5IsssSs51s. Corn Iower-cs,sh 3.I4Gf:Ss:
June, 3. "A bid Oats very quiet-cash us: May
and June, q bid. Whisky steady ut Sl05. Pro-
visions iirmer.
NEW ORLEANS, May - Coffee excited and
AMI common To prime, Is1s
81 Rice strong and higher-fair to firimer,
+t5- Cotton Seed Oil-Prime crude, ..satIO
summer yellow, ID. Sugars firm. MOlasSts
firm centrifugals. strictly prime to fancy, no
Z fair To- good prime, .s3s1..5; common to good
1Sff21.